Academic Programs / Business & Management
Risk Management & Insurance
R. B. Drennan, Program Director
Alter Hall 628
215-204-8894
rob.drennan@temple.edu
http://sbm.temple.edu/dept/rihm
Temple University's program in Risk Management and Insurance (RMI) is nationally recognized. Located in the Department of Risk, Insurance, and Healthcare Management, the program prepares students to identify and evaluate various sources of risk, then select and implement solutions to control these risks through insurance and other mechanisms of risk transfer and distribution.
Graduates of this program often enter the risk management or employee benefit departments of large businesses and other organizations. They may also take challenging positions within insurance or benefit consulting firms, brokerage firms, agency operations, or insurance companies.
Risk management and insurance majors are strongly encouraged to become active in the Sigma chapter of Gamma Iota Sigma, Temple's national award-winning professional student organization in Risk Management, Insurance, and Actuarial Science. The organization hosts numerous guest speakers from the industry, sponsors a variety of career development seminars, and maintains a widely-distributed résumé book. For more information, please contact the GIS President, at 215-204-9368 or visit the web site at www.sigmachapter.org.
Major Tracks within Risk Management & Insurance
Students in the Risk Management & Insurance major may select from one of three tracks depending on their interests. These include:
- Employee Benefit Management
- Healthcare Risk Management
- Property-Liability/Corporate Risk Management
Summary of Requirements
University Requirements
All students starting in the 2012-2013 academic year and beyond are required to complete the university's General Education (GenEd) curriculum.
Note that students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University requirements current at the time of re-enrollment.
College Requirements
Students must meet College Graduation requirements, including the requirements of the major listed below. Students pursuing any of the Risk Management and Insurance major/tracks must attain a 2.0 cumulative GPA and 2.0 in the major/track to graduate with the Risk Management major. Use the major GPA calculator at www.fox.temple.edu/advising to calculate the GPA in the major.
Major Requirements
Students must follow the Major Requirements and College Requirements current at the time of declaration. Students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University, College, and Major requirements current at the time of re-enrollment.
Employee Benefits track
Healthcare Risk Management track
Property-Liability/Corporate Risk Management track
Suggested Sequences
Employee Benefits track
Healthcare Risk Management track
Property-Liability/Corporate Risk Management track
Requirements of Employee Benefits Track
Subject |
Course # |
Course Title |
Hours |
Attribute |
RMI |
3501 |
Life & Health Insurance & Employee Benefits |
3 |
|
RMI |
3502 |
Property & Liability Insurance Coverages |
3 |
|
RMI |
3503 |
Retirement Plans |
3 |
|
RMI |
4596* |
Advanced Topics in Health & Welfare Employee Benefits |
3 |
WI |
Select one: |
|
|
3 |
|
RMI |
3504 |
Property & Liability Insurance Functions |
|
|
RMI |
3505 |
Actuarial Applications in Risk Management & Insurance |
|
|
RMI |
4597 |
Global Corporate Risk Management |
|
WI |
HCM |
4596** |
Healthcare Quality & Risk Management |
|
WI |
Subtotal |
|
|
15 |
|
* This major capstone is taken in the final fall semester and all prerequisites must be met. |
** Completion of prerequisites of HCM 3501 and 3502 required. This course is offered only in fall.
HCM 3501 and 3502 can replace two of your free electives below (6 credits). |
Suggested Sequence of the Employee Benefits Track
Please note that this sequence is suggested only, ensuring prerequisites are met. Students' academic sequences may differ based on individual academic plans.
Semester I - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Statistics |
1001 |
Pre-Calculus for Business |
3 |
|
English |
0802, 0812 or 0902 |
Analytical Reading & Writing |
4 |
GW |
Economics |
1101 |
Macroeconomic Principles |
3 |
|
HRM |
1101 |
Leadership & Organizational Management |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester II - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
IH |
0851 or 0951 |
Mosaic: Humanities Seminar I |
3 |
GY |
Statistics |
1102 |
Calculus for Business |
3 |
|
Economics |
1102 |
Microeconomic Principles |
3 |
|
Legal Studies |
1101 |
Legal Environment of Business |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
15 |
|
|
Semester III - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
IH |
0852 or 0952 |
Mosaic: Humanities Seminar II |
3 |
GZ |
MIS |
2101 |
Information Systems in Organizations |
3 |
|
Statistics |
2103 |
Business Statistics
{waives GenEd GQ requirement} |
4 |
|
Accounting |
2101 |
Financial Accounting |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester IV - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Accounting |
2102 |
Managerial Accounting |
3 |
|
BA |
2101 |
Professional Development Strategies |
1 |
|
BA |
2196 |
Business Communications |
3 |
WI |
Marketing |
2101 |
Marketing Management |
3 |
|
RMI |
2101 |
Introduction to Risk Management |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester V - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Finance |
3101 |
Financial Management |
3 |
|
MSOM |
3101 |
Operations Management |
3 |
|
RMI |
3501 |
Life & Health Insurance & Employee Benefits |
3 |
|
RMI |
3502 |
Property & Liability Insurance Coverages |
3 |
|
BA |
3102 |
Business Society & Ethics |
3 |
|
Subtotal |
|
|
15 |
|
|
Semester VI - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
BA |
3103 |
Integrative Business Applications |
3 |
|
Free Elective |
|
|
3 |
|
RMI |
3567 |
International Risk Management |
3 |
|
RMI |
3503 |
Retirement Plans |
3 |
|
Free Elective |
|
|
3 |
|
Subtotal |
|
|
15 |
|
|
Semester VII - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
RMI |
4596* |
Advanced Topics in Health & Welfare Employee Benefits |
3 |
WI |
Select one of the following: |
|
|
|
RMI
RMI
RMI
HCM |
3504
3505
4597
4596** |
Property & Liability Insurance Functions
Actuarial Applications in Risk Management & Insurance
Global Corporate Risk Management
Healthcare Quality & Risk Management |
3 |
WI
WI |
Free Elective |
|
|
3 |
|
Free Elective |
|
|
4 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester VIII - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
BA |
4101 |
Global Business Policies |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Free Elective |
|
|
3 |
|
Free Elective |
|
|
3 |
|
Subtotal |
|
|
15 |
|
* This course is offered only in the fall semester. |
** This course is offered only in the fall semester and has prerequisites of HCM 3501 and 3502.
Students who want
to take this option as an elective should plan to take HCM 3501 in Semester 5
(switching
BA 3102 to semester 6 to replace a free elective), HCM 3502 in Semester 6
and HCM 4596 in Semester 7.
HCM 3501 and HCM 3502 can be used to replace free electives. |
|
Total credits for the B.B.A. in Risk Management & Insurance/
Employee Benefits Track: |
124 |
|
Requirements of Healthcare Risk Management Track
Subject |
Course # |
Course Title |
Hours |
Attribute |
RMI |
3501 |
Life & Health Insurance & Employee Benefits |
3 |
|
RMI |
3502 |
Property & Liability Insurance Coverages |
3 |
|
HCM |
3501 |
Introduction to the Health Services System |
3 |
|
HCM |
3502 |
Healthcare Financing & Information Technology |
3 |
|
Economics |
3507 |
Health Economics |
3 |
|
HCM |
4596* |
Healthcare Quality & Risk Management |
3 |
WI |
Subtotal |
|
|
18 |
|
* This major capstone is offered only in fall semester and and has prerequisites of HCM 3501 and 3502. |
Suggested Sequence of the Healthcare Risk Management Track
Please note that this sequence is suggested only, ensuring prerequisites are met. Students' academic sequences may differ based on individual academic plans.
Semester I - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Statistics |
1001 |
Pre-Calculus for Business |
3 |
|
English |
0802, 0812 or 0902 |
Analytical Reading & Writing |
4 |
GW |
Economics |
1101 |
Macroeconomic Principles |
3 |
|
HRM |
1101 |
Leadership & Organizational Management |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester II - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
IH |
0851 or 0951 |
Mosaic: Humanities Seminar I |
3 |
GY |
Statistics |
1102 |
Calculus for Business |
3 |
|
Economics |
1102 |
Microeconomic Principles |
3 |
|
Legal Studies |
1101 |
Legal Environment of Business |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
15 |
|
|
Semester III - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
IH |
0852 or 0952 |
Mosaic: Humanities Seminar II |
3 |
GZ |
MIS |
2101 |
Information Systems in Organizations |
3 |
|
Statistics |
2103 |
Business Statistics
{waives GenEd GQ requirement} |
4 |
|
Accounting |
2101 |
Financial Accounting |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester IV - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Accounting |
2102 |
Managerial Accounting |
3 |
|
BA |
2101 |
Professional Development Strategies |
1 |
|
BA |
2196 |
Business Communications |
3 |
WI |
Marketing |
2101 |
Marketing Management |
3 |
|
RMI |
2101 |
Introduction to Risk Management |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester V - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Finance |
3101 |
Financial Management |
3 |
|
MSOM |
3101 |
Operations Management |
3 |
|
RMI |
3501 |
Life & Health Insurance & Employee Benefits |
3 |
|
RMI |
3502 |
Property & Liability Insurance Coverages |
3 |
|
HCM |
3501 |
Introduction to the Health Services System |
3 |
|
Subtotal |
|
|
15 |
|
|
Semester VI - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
BA |
3103 |
Integrative Business Applications |
3 |
|
BA |
3102 |
Business Society & Ethics |
3 |
|
RMI |
3567 |
International Risk Management |
3 |
|
HCM |
3502 |
Healthcare Financing & Information Technology |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
15 |
|
|
Semester VII - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
BA |
4101 |
Global Business Policies |
3 |
|
HCM |
4596* |
Healthcare Quality & Risk Management |
3 |
WI |
Free Elective |
|
|
4 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester VIII - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Economics |
3507 |
Health Economics |
3 |
|
Free Elective |
|
|
3 |
|
Free Elective |
|
|
3 |
|
Free Elective |
|
|
3 |
|
Free Elective |
|
|
3 |
|
Subtotal |
|
|
15 |
|
*This course is offered only in the fall and has prerequisites of HCM 3501 and 3502. Students should
plan to take HCM 3501 in Semester 5, HCM 3502 in Semester 6 and HCM 4596 in Semester 7. |
|
Total credits for the B.B.A. in Risk Management & Insurance/
Healthcare Risk Management Track: |
124 |
|
Requirements of Property-Liability/Corporate Risk Management Track
Subject |
Course # |
Course Title |
Hours |
Attribute |
RMI |
3501 |
Life & Health Insurance & Employee Benefits |
3 |
|
RMI |
3502 |
Property & Liability Insurance Coverages |
3 |
|
RMI |
3504 |
Property & Liability Insurance Functions |
3 |
|
RMI |
4597* |
Global Corporate Risk Management |
3 |
WI |
Select one: |
|
|
3 |
|
RMI |
3503 |
Retirement Plans |
|
|
RMI |
3505 |
Actuarial Applications in Risk Management & Insurance |
|
|
Subtotal |
|
|
15 |
|
* This major capstone is taken in the final semester and all prerequisites must be met. |
Suggested Sequence of the Property-Liability/Corporate Risk Management Track
Please note that this sequence is suggested only, ensuring prerequisites are met. Students' academic sequences may differ based on individual academic plans.
Semester I - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Statistics |
1001 |
Pre-Calculus for Business |
3 |
|
English |
0802, 0812 or 0902 |
Analytical Reading & Writing |
4 |
GW |
Economics |
1101 |
Macroeconomic Principles |
3 |
|
HRM |
1101 |
Leadership & Organizational Management |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester II - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
IH |
0851 or 0951 |
Mosaic: Humanities Seminar I |
3 |
GY |
Statistics |
1102 |
Calculus for Business |
3 |
|
Economics |
1102 |
Microeconomic Principles |
3 |
|
Legal Studies |
1101 |
Legal Environment of Business |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
15 |
|
|
Semester III - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
IH |
0852 or 0952 |
Mosaic: Humanities Seminar II |
3 |
GZ |
MIS |
2101 |
Information Systems in Organizations |
3 |
|
Statistics |
2103 |
Business Statistics
{waives GenEd GQ requirement} |
4 |
|
Accounting |
2101 |
Financial Accounting |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester IV - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Accounting |
2102 |
Managerial Accounting |
3 |
|
BA |
2101 |
Professional Development Strategies |
1 |
|
BA |
2196 |
Business Communications |
3 |
WI |
Marketing |
2101 |
Marketing Management |
3 |
|
RMI |
2101 |
Introduction to Risk Management |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester V - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Finance |
3101 |
Financial Management |
3 |
|
MSOM |
3101 |
Operations Management |
3 |
|
RMI |
3501 |
Life & Health Insurance & Employee Benefits |
3 |
|
RMI |
3502 |
Property & Liability Insurance Coverages |
3 |
|
BA |
3102 |
Business Society & Ethics |
3 |
|
Subtotal |
|
|
15 |
|
|
Semester VI - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
BA |
3103 |
Integrative Business Applications |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
RMI |
3567 |
International Risk Management |
3 |
|
RMI |
3504 |
Property & Liability Insurance Functions |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
15 |
|
|
Semester VII - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
BA |
4101 |
Global Business Policies |
3 |
|
RMI |
3503
or
3505 |
Retirement Plans
or
Actuarial Applications in Risk Management & Insurance |
3 |
|
Free Elective |
|
|
3 |
|
Free Elective |
|
|
4 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester VIII - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
RMI |
4597 |
Global Corporate Risk Management |
3 |
WI |
Free Elective |
|
|
3 |
|
Free Elective |
|
|
3 |
|
Free Elective |
|
|
3 |
|
Free Elective |
|
|
3 |
|
Subtotal |
|
|
15 |
|
|
Total credits for the B.B.A. in Risk Management & Insurance/
Property-Liability/Corporate Risk Management Track: |
124 |
|
RMI & HRM Focus
The Risk Management Insurance (RMI) Department and Human Resource Management (HRM) Department offer several complimentary courses for students interested in a career in employee benefits and/or human resource management. These courses allow students to broaden their career options by taking advantage of the cross-training offered by these departments.
- HRM major with a RMI focus: Students take RMI 3501 (Life & Health Insurance & Employee Benefits) and RMI 3503 (Retirement Plans).
- RMI major with a HRM focus: Students take HRM 2501 (Introduction to Human Resource Management) and HRM 3511 (Compensation Management).
- Dual HRM/RMI major: Students fulfill all requirements for both majors.
For more information on joint HRM/RMI courses, contact Rob Drennan at 215-204-8894.
Minor
Students in any college who are interested in the health professions and want enhance their skills by understanding the business principles underlying healthcare systems should consider a minor in Healthcare Management. Risk Management majors who complete the Healthcare track are not eligible for the minor. Courses cannot be used to meet minor requirements if already used to meet the requirements for a major or a different minor.
|